As an experienced analyst, I’ve seen my fair share of meme coins surging in value only to crash just as quickly. However, the current trend of Brett (BRETT) is quite impressive, with its market cap reaching $1.7 billion and a near-400% increase in value over the past month.
TL;DR
- BRETT, a frog-themed meme coin, has surged nearly 400% in the past month, reaching a market cap of $1.7 billion.
Analysts and ChatGPT believe it could surpass PEPE if current trends continue.
BRETT’s Chances
As a crypto investor, I’ve noticed an exciting development in the middle of the week. The meme coin sector has played a significant role in propelling the cryptocurrency market upward. Many assets in this category have been performing well over the past seven days, with their prices remaining green. The total market capitalization of these coins came close to reaching $70 billion before taking a hit and dropping down to $61 billion following the Friday crash.
In recent weeks, the cryptocurrency world has witnessed a standout performer in the form of Brett, the frog-themed token. Its worth has soared by nearly 400% over the past month and peaked at an all-time high of $0.17, according to CoinGecko’s records.
As a researcher studying the cryptocurrency market, I was intrigued to observe that BRETT‘s market capitalization reached an impressive $1.7 billion, positioning it as the 69th largest cryptocurrency and the seventh-largest within its specific domain. Given this notable growth, I became curious about its potential trajectory and whether it could potentially surpass the leading meme coin Pepe (PEPE) in the near future. Therefore, I decided to pose these questions to ChatGPT for further insight.
According to the widely-used AI chatbot, a flippening – under specific conditions – could occur. Notably, BRETT is the leading meme coin on the Base blockchain and enjoys backing from the prominent cryptocurrency exchange, Coinbase.
“Brett’s connection to the Base chain and its expanding fan base increases the likelihood that Brett will surpass Pepe in value, particularly during an uptrend in the market.”
As an analyst, I’ve observed the chatbot’s prediction that the meme coin could experience a price surge if it receives more backing from exchanges. Some platforms, such as KuCoin, Bitget, BitMart, and Uphold, have already enabled trading services for this coin, referred to as BRETT.
One analyst, specifically Mac from the X user community, holds the opinion that Binance may follow suit and list BRETT based on its sustained high trading volume.
As a researcher, I’ve observed that while PEPE has demonstrated impressive performance, its market capitalization remains significantly smaller than that of its rival. The market cap of PEPE peaked above $7 billion at the end of May but has since retreated to around $5.1 billion currently.
Is $1 Incoming?
Multiple analysts were drawn to Brett’s spike in performance. Some believe that the bull market is still in its early stages. Crypto Rover, a well-known X community member with over 700,000 followers, expressed this viewpoint, predicting that $1 could be the next price milestone.
Crash expressed optimism as well, drawing attention to PEPE‘s remarkable increase in market capitalization from $300 million to over $7 billion. “Just wait and see BRETT accomplish the same feat,” they urged.
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2024-06-09 09:14